Silver: White metal trading lower in the Asian session

Posted on April 17, 2013 by GCI Financial

Silver prices rose 2.78% to the USD23.51 per ounce during the 24 hours ending 23:00GMT, tracking the rise in gold prices. In the Asian session, at GMT0300, Silver is trading at 23.44, 0.32% lower from yesterday’s close. Silver is expected … Continue reading →

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Gold: Gold reverses trend amid bottom fishing

Posted on April 17, 2013 by GCI Financial

  Gold reversed its downward trend and traded higher by 1.37% against the USD in the 24 hour period ending 23:00GMT, at 1372.32 per ounce, as bottom fishers indulged in buying after the price plunged to its weakest since early … Continue reading →

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Crude Oil: Oil extended its fall on weak China, US data

Posted on April 16, 2013 by GCI Financial

  Crude Oil prices declined 3.49% against the USD for the 24 hour period ending 23:00GMT, closing at 87.34, as disappointing economic data from China and the US, the world’s biggest crude oil consumers, raised doubts over the strength of … Continue reading →

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Silver: Industrial metal continues to drop on demand concerns

Posted on April 16, 2013 by GCI Financial

  Silver prices slumped 11.92% to the USD22.88 per ounce during the 24 hours ending 23:00GMT, in line with the decline in commodity prices and concerns over demand for industrial metals following disappointing Chinese economic data. In the Asian session, … Continue reading →

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Gold: Gold continues to dive

Posted on April 16, 2013 by GCI Financial

  The yellow metal fell deeper into the bear-market territory, extending its slump into a second straight session, as prices nosedived 8.84% against the USD in the 24 hour period ending 23:00GMT, at 1353.82 per ounce. Global metal prices also … Continue reading →

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Crude Oil: Oil trading lower on weak Chinese GDP data

Posted on April 15, 2013 by GCI Financial

On Friday, Crude Oil prices declined 2.81% against the USD for the period ending 21:00GMT, closing at 90.84, as weak US confidence and retail data raised concern over demand prospects. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →

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Silver: White metal also on crash course

Posted on April 15, 2013 by GCI Financial

On Friday, Silver prices declined 5.98% to the USD26.00 per ounce during the period ending 21:00GMT, in line with fall in gold prices. In the Asian session, at GMT0300, Silver is trading at 24.82, 4.57% lower from Friday’s close. Silver … Continue reading →

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Gold: Yellow metal tanked more than 5% on Friday, continues to trade lower this morning

Posted on April 15, 2013 by GCI Financial

On Friday Gold prices traded lower by 5.16% against the USD in the period ending 21:00GMT, at 1481.02 per ounce, as institutional investors continue to dispose their gold holdings on concerns that global central banks would reduce their gold holdings … Continue reading →

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Crude Oil: IEA trimmed growth forecast for Oil

Posted on April 12, 2013 by GCI Financial

  Crude Oil prices declined 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 93.47, after the International Energy Agency once again lowered its outlook for global oil demand in 2013, citing weaker fuel usage in … Continue reading →

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Silver: Silver tracking gains in gold

Posted on April 12, 2013 by GCI Financial

  Silver prices rose marginally to the USD 27.66 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.67, marginally higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold rose after IMF cut GDP forecasts for the US

Posted on April 12, 2013 by GCI Financial

  Gold prices traded higher by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1561.65 per ounce, portraying its safe haven appeal after the International Monetary Fund (IMF) revised down its growth outlook for the US … Continue reading →

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